Sabine Royalty Trust $SBR Shares Sold by Significant Wealth Partners LLC

Significant Wealth Partners LLC decreased its position in Sabine Royalty Trust (NYSE:SBR) by 9.0% during the 2nd quarter, Holdings Channel reports. The firm owned 4,739 shares of the energy company’s stock after selling 470 shares during the quarter. Significant Wealth Partners LLC’s holdings in Sabine Royalty Trust were worth $315,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its holdings in Sabine Royalty Trust by 5.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,966 shares of the energy company’s stock valued at $268,000 after purchasing an additional 200 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of Sabine Royalty Trust by 0.8% in the first quarter. Concurrent Investment Advisors LLC now owns 28,424 shares of the energy company’s stock valued at $1,918,000 after acquiring an additional 213 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Sabine Royalty Trust by 4.1% in the fourth quarter. Cetera Investment Advisers now owns 5,922 shares of the energy company’s stock valued at $384,000 after acquiring an additional 231 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Sabine Royalty Trust by 3.8% in the first quarter. HighTower Advisors LLC now owns 6,725 shares of the energy company’s stock valued at $454,000 after acquiring an additional 246 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Sabine Royalty Trust by 6,666.7% in the first quarter. GAMMA Investing LLC now owns 406 shares of the energy company’s stock valued at $27,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 15.81% of the company’s stock.

Sabine Royalty Trust Stock Up 0.4%

Shares of NYSE:SBR opened at $80.78 on Thursday. Sabine Royalty Trust has a 52-week low of $58.25 and a 52-week high of $81.00. The stock’s fifty day simple moving average is $71.86 and its 200-day simple moving average is $67.88. The company has a market capitalization of $1.18 billion, a P/E ratio of 16.03 and a beta of 0.28.

Sabine Royalty Trust (NYSE:SBR) last issued its quarterly earnings data on Friday, August 8th. The energy company reported $1.22 earnings per share (EPS) for the quarter. Sabine Royalty Trust had a return on equity of 866.81% and a net margin of 94.85%.The business had revenue of $18.70 million for the quarter.

Sabine Royalty Trust Cuts Dividend

The business also recently disclosed a sep 25 dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be given a $0.5841 dividend. This represents a dividend yield of 913.0%. The ex-dividend date is Monday, September 15th. Sabine Royalty Trust’s dividend payout ratio is currently 139.09%.

Sabine Royalty Trust Profile

Sabine Royalty Trust holds royalty and mineral interests in various producing oil and gas properties in the United States. Its royalty and mineral interests include landowner's royalties, overriding royalty interests, minerals, production payments, and other similar non-participatory interest in certain producing and proved undeveloped oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas.